'The Mews aimd (DIM WATCniALZL ... en your paps. Send rnwl five days before expiration In order to avoid mlaaing single copy. " ; " ' erver CWudy ThaVedayl probably Ucal Uaaiar ekewsrs Friday; trtly cleady. - - . VOL; CXIH. NO. 146. : SIXTEEN PACES TODAY. . RALEIGH, N. C, THURSDAY MORNING, 1AY 26, 1 92 1 , ! SIXTEEN PAGES TODAY, - " jPRICE: ; HVEvCENTS NEGRO QUESTION IS MAIN ISSUE BEFORE REPUBLICAN PARTY Flare-Up! Caused by Llnney'i nomination Brings on " - " Much Discussion BATTLE IS HOLDING UP ACTION ON NOMINATION Conferences of Far-Beaching Possibilities With Regard to the Future of the Republican Party in Dealing With Negro Going On; Blair Ready to Take the Oath News and Obssrver Bureau, ' By EDWARD E. BUTTON. (Bp Special Leased Win.) . Washington, May 25. Conference with far-reaching possibilities wits re gard to the future of th Bepublican party im dealing with the negro are re ported aa going on among administra tioa leaden' and advisers and members ef the Senate. The condition of the Republican party in South Carolina, where there is but the remnant or a ' party, the squabble and fussing going n la Georgia with us negro ncpuDiican National committeeman, the insistence of negroes that members of their raee be liven high positions in the govern' ment, are all matters that are being discussed aa the result of the flare-up that has come with the protests of the negroes , against the confirmation of .Frank A. Linney, Republican State chair man of North Carolina, as district at torney for the weatera district of North Carolina; -' . The battle of crossed interests about the negro vote is what is holding up a consideration of the Linney nomina tion. The Senator from Northern and middle Western States, in which the negroes are regarded aa holding the balance of power, do not want to lose nls vote in the elections, while Be publi cs as from the Sooth Bewail the faet that there is the roughest kind of sled dine in the attempt to buHd up a) South ra Bepabliean party with the negro . question ever a source of weakness. in aoeuring the votes, of white men. It is the general understanding now that the iew of the Bepabliean administration is that the best thing to do is to cut loose from the talk of negro domina tion with the idea that thin will give the party such a lift in the 8outh as to make it possible for it -so-Jeeoms the dominant party there. The result f the Unney nomination in looked to a being the feat that will furnish the uiiwer as to what is te be the future attitude , of the Bepabliean party to it negro section, . .... Negreoe Will Fight. .The negroes are not going to' be nicked down stairs without a fight on their part, and they are going to have aome champions in the Senate when the how-down comes. They point to the language of the Bepublican national platform and to the campaign speeches of Candidate Harding as being bind ing upon President Harding and" the Bepabliean party in power. They are fighting the confirmation of Mr. Lin ney, as they recognise that his posi tion for the disfranchisement of the aegro by conniving at plana to end his registration and voting, and by suggest ions that aueh plana be made, will be endorsed if bis confirmation is msde after the Senate has been put on notice And they declare that any such plsns re in violation of the constitution. Unless Senator Borah lays down and sidesteps his present position, he will bo the champion of the negro when the Linney nomination reaches the floor of the Senate. Here is n curious argument that is being advanced as to the real reason that some of the Bepublican leaders have ia mind as going to show thst the Republican party in all sections is now able to get along without the aegro vote, and why it ia ready to throw the negro overboard. It is that the women of the land now having the right of suffrage are going to vote the Kcpub lican ticket in such numbers as to more than offset the loss of aegro votes. The woman's vote in the 1030 election is declared to give strength to this view. And it it being pointed out that if the Bepabliean party holds on to the negro it will steadily lase the votes of white -women in all sections of the country, the protest of the five hundred or more White women of the Treasury Depart sent, these from all sections, Bepubli cans ss well ss Democrats, against hsv log a negro Begiater of the Treasury being eited as going to show the gea era) attitude of the American woman toward the aegro question. The Be- publieans wsnt to do all possible to cinch the women s vote, and so it may corns to pass that the party will sever relations with the negro in the hepe that it will more than makeup for his Joss by the gain of the women s vote, Blsir Is Confident David H. Blair waits for Friday to take the oath of office as Commissioner of Iaternsl Bevenue, for he feels ss aured thst he will be confirmed by the Benats on Thursday afternoon after the moke of the verbal attack on him by Senators Johnson and Beed has cleared away.' I With bin now in Washington is William Anderson, of Winston-Salem, whom it is mid is slated to be his pri vate secretary when he takes ever the position of head of the Internal Bev sms Bureau. ' With the purpose of driving- ahead the program for Federal aid to road bwildin. Thar an. imnnrtnnt -am. ferenre here this afternoon of repre sentatives of the United Statjs Uood Bonds Association and of the Bank head National - Highway Association. .rupmenuuvei irons l&irty -six states have beta named to be present tomor row morning when the Senate commit tee ea postofiiees and post roads, will kave a hearing ia the matter. It seems practically assured now that there will ba nude an appropriation of 100XK), 000 yearly, 'perhaps for three or five , (Coatlaaed Page Two.) Prominent Naval Figure Of World War : - V Who Will Deliver Address Here Tonight Admiral W. C. Brsisted, U. S. Navy, before graduates of Bex Hospital Training School for Nurses at Woman's Club tonight nt 8:30 o clock. I YEARS IN PRISON Six Other Blacks Implicated In Norima Riot Case Get a Year Each Warrenton, Hay 25. Jerome Hunter, Warren county negro, was found guilty in Superior court here yesterdsy of secret aasault on Baby Traylor, young white man of Norlina, and sentenced to eight years ia the State Penitentiary at Bal- eighby Judge E, H. Cranmer. Hunter, represented by John B. Woodard, of Wilson, plead guilty to shooting Tray lor, twice, one bullet taking effect in the stomach, piercing his intestines eight times and ; knocking hit belt buckle off.' Hunter received the heaviest penalty of any of the sixteen negroes brought here early yesterday morning from the Penitentiary and tried for participation inn riot at Norlina, Sunday morning, Jan. 22, in which Baby Traylor, Floyd Traylor, H. L. Bainey, and W. J. Up ehureh, white boys, and Jerome Hunter, Claudie Jones and Bobert Moss, negroes; were slightly wounded. The riot was a' result of the dissatisfaction by Pliim- mer Bullock, negro, over the purchase of ten cents worth of apples from Baby Traylor, elerk in J. P. Williams' grocery store. Kichard Crosson. Alex Milam and E. sioaers to hire them out in another L. Jones were sentenced to one year in jail, with leave for the county commis county for road work. Ben Crossen, Claudie Jones. Bobert Moss, and Charlie Bodwell were each sentenced to six months in 'jail on the same conditions. Charges against- John Braeey, Henry Jones, Jim Hunter, Bobert F. Moss, Norman Smith, Arthur Kearney, Elia Alston, and Walker Perry were not prossed with leave. Capitis was issued for Matthew Bullock, brother of Plum mer Bullock, who has been missing since the shooting and is generallv thought to have been, along with his brother and Alfred Williams, one of the chief conspirators against the Tray lor brothers. Alfred Williams snd Plummer Bullock were taken, from the Warren county jail, the night of Jan nary 3 and shot to death by a mob. Charles Smith was not tried on aeeount of serious and probably fatal tubercular illness. The trial was conducted quietly .nd the crowd in the court room seemed leased with the punishments meted nut. Solicitor Garland E. Mldyette,' of .Tr.rkson, waa assisted in the prosecu inn by Tasker Polk and B. B. Williams, of Warrenton, who served without pay. MOTHER IS WANTED ON CHARGE OF KIPNAPPIN Ashevijle, May 25. After a search of about two years, Mrs. Fleets Burke, wanted for the alleged kidnapping of her live year-old daughter at Blaek Mountsin, has been located at a point Georgia, and extradition papers have been issued by Governor Cameron Morrison for' the woman's return to this eity. If arrested and brought to Aaheviile, Mrs. Burke will hsve to ans wer to charges of kidnspping and con tempt to court. The case attracted wide attention in the eity and vicinity two years ago, when trial was held in superior, eourt to determine who should have custody of ths little girl, daughter of Dr. Burke snd Mrs. Fleets Burke, of Mar shall. The .couple separated, and the little girl waa given into custody to its grandmother, Mrs. Fleet Watkms, st Black Mountain. Dr, Burke Obtained a divorce from his wife snd subsequently re-msrried, whereupon he. applied for custody of his child. Whether or not the Georgia executive will honor. Governor Morrison's requi sition is a matter of -conjecture. It is believed, however, thst no resistance will be offered by the -woman. Just few weeks ago a similar situstioa in volving Mrs.; Marian Barrett, wife of Dr. Frederick A. Barrett, of New York, resulted in Governor Stephens, of Cali fornia, denying ths North Carolina au thorities the privilege of returning Mrs.i TtaVtt itt .lm SU. 4.1-1 S - V .W VMM WWIf AVI MJJtl. . . V NEGRO GETS EIGH i .... .. - .x-Xa.- fV who will make commencement address FERTILIZER USED Simmons Makes Request of Agricultural Department; N. C. Census Figures News and Observer Bureau 603, District Natl. Bank Bldg. By EDWABD E. BUTTON (By Special Leased Wire.) Washington;" May 25. Senator Sim monr, following a request of the American Cotton Association, has asked that the Crop Beportiisg Bureau of the Department of Agriculture make s spetlal investigation of the wse of com. morels, fertilizers in tho n-aklng of this years cotton crop, and that a re port aa to the quantity and quality I used be issued on July 1 at the same time mas mere ia issuea ine govern ment report on the cotton acreage. He holds that this is imperative in sttempt- ing to reach' a conclusion on the size of the erop, because of ths infor mation that he has of the greatly re duced nee of eommcrcia'. fertilizer, and purchase of low grades of fertilizer, especially of acid tmosjhcte. The Census Bureau is to issue to morrow morning its -statement of the population of North Ctiolina by races, giving sex, color, and nativity. Today it issued statistics of illiteracy in the District. of Columbia, which show that in 19C0 there were 101DO persons more than twenty-one years of rge who were illiterate, this being 3.3 per cent of all persons ten years oOge or over. Of these 6,000 were females, 4,185 males, while of the illiterates 524 were of native parentage, 7,323 were colored 1,699 foreign-born, with 64 foreign or mixed parentage. A. W. McLean, of the War Finance Corporation, returned this morning from a visit to Bed Springs, where ha wtnt to attend a meeting of ths board of diretors of ths Flora Mscdonald College. On Friday morcing he goes to Philadelphia to make an address at the silver jubilee eoi vent ion or the American Cotton Manufacturers' As sociation, his topic to bo "Financing Foreign Trade: How the War ilnaneo Corporation is Assisting.' The Postoffice Department announces Perlie A Tew has been sppointcd post master, fourth class, ss Huntley, Samp son county, to sueceel Bobert L. Crump ler. rcsiened. It also announces that the Civil Service Commission will hold examinations for presidential post master vacancies at Andrews and South-' port, time and places of examinations to be announced late.". In this con nee tion Postmaster Genoral Will Bays, in his talk with newspspor men this after noon, stated that the details of tho form of examinations to bo held, or in veatieatione rather, has been completed by the Postoffice Department snd the Civil Service Commission ana has Deen sent to Presidnt Harding-, who will pasa upon the matter. Theee will per tain to business and executive qualities and character and will not be in the form of written examinations. In faet, Mr. Hays stated, the questionnaires may be taken home and the answers written. This airolies to postmasters' of ths first and (ceond class, while postmasters of the third class will bs . examined oa their mathematical knowledge -and knowleda-e of accounts, as they are re quired to. keep their own accounts. It is the understanding that all sueh in vestigations and examinations, ia cases vvnere mere atrv twucim w expedited. As part of the investigation there will be investigators sent ou by the Civil Service Commission and the Postoffice Department to cheek up on ths applicants. Announcements from the first assistant postmaster general is thst it is in no sense the purpose of the department to undertake to disturb postmasters of the met, aecona, ana third class ' potto (Beet who were regu larly appointed. and confirmed, during their term, except I jr cause; that the terms of all postmasters ef those grades who were not confirmed have expired; that tho custom' of appointing 'acting postmiatera where an emergency ia created will be Continued. - No changes ia the status of postmaaters of the fourth class have laa mad, exeept those ' necessary to htrmeniz the (Coatinaed ea page Tws.) " WANTS REPORT ON BORAH AMEIJDINT FOR DISARMAMENT MEETING APPROVED Senate Unanimously Adopts Plan for Calling Disarma ment Conference ADVOCATES CONFIDENT ' OF HARDING'S APPROVAL Following ' Incorporation o f Borah Amendment, Effort Was Made to Vote On Pas sage of Naval Bill, Bnt More Oratory Prevented It; Blair Nomination Up Today Washington, May 23. Unanimous Senate approval was given today to Senator Borah's proposal for aa inter national naval disarmament confer ence. Tho vote waa 74 te 0 for the .Idaho Senator's amendment authorizing and requesting the President to invite gov ernments of Great Britain and Japan to aend representatives to a eonferenee with representatives of the United States in aa effort to reach some agree ment oa disarmament. Tho vote was in conformity with the understanding reached last week by Vd ministration forces to give their sup port to Senator Borah'a plan. Besides the forty-six Bepublieana and twenty- eight Democrats voting for the amend ment, announcements were made on be half of many absentees thst they too favored the disarmament plan. The text of the amendment follows: Text of Amendment. "That the President ia authorized and requested to invite the governments of Great Britain and Japan to send repre sentatives to a eonferenee which shall be charged with the duty of promptly entering into an understanding or agreement by which the naval expendi tures and building programs of each of said governments, to-wit, the United States, Great Britain and Japan, a hall be substantially reduced annually dur ing the next five yean to sueh an extent and upon such terms as may be agreed upon, which understanding or agree ment ia to be reported to the respective governments for approval.'' Upon passage of the bill, the amend ment will go to conference with the House, but its advocates believe it will be endorsed and then approved by Pres ident Harding. With the Bonk amendment incorpo rated, an effort was made to reach a vote oa passage of the bill late today, but this was frustrated by debate a ru ing on minor amendments. Senators La FoIIette, Bepublican, Wisconsin, and King, Democrat, Utah, also had several amendments pending. The latter prom. ised to introduce several to abolish what he termed "useless' navy yards and depots. La Follette Makes Speech. Senator La Follette msde snother lengthy address today in opposition ta capital ship construction and consider able more debate waa in prospect wnen adjournment waa taken tonight. With tomorrow set aside by special order for consideration of the contested nomi nation of David H. Blair, to be Internal Bevenue Commissioner, immediate pas sage of ths bill waa a hazy prospect Administration leaders expressed hopes that it would be adopted late tomorrow or Friday, but there was a possibility of delay until next week. Among minor amendments sdopted today waa the committee provision for creation in the navy department or special Bureau of Aeronautics, with a head selected by the President. Another amendment, by Senator Smoot, Bepublican, Utah, adopted would authorize the department to eon tinue Duplication of the "shipping bul letin" for the benefit of marine and other interests. The amendmentment provides thst it be supplied to subscrib ers at actual cost, about one aouar day. Beinatateaseat Midshipman. Beinatatement in the Naval Academy at Annapolia of 110 midshipmen who "flunked and were forced to resign last January was the object of an (Continaed ea Page Tea.) VARNER HEARING WILL COME UP ON SATURDAY Greensboro, May 25. Argument on a motion that the divorce suit brdttght by Henry B. Varner. of Lexington, against his wife, Mrs. Florence C. Varner, be removed from Davidson superior eourt for trial will be made before Judge T. a. nmey her Batur day.- Argument was to have been -eard today, but as superior court was in ths middls of civil eases and to have interrupted would have caused con siderable expense to the county. Judge Finley continued the hearing. In addi tion, soms of the sttoralys ia the esse were busy slsewnere. At the ssme time a motion for sli- monv for Airs, vsrner sna lor me filing of a new bill of particulars by her husband will be argued. All three mo tions were made by attorneys for Mrs. Vsrner. Word Picture The Want Ads sre word pictures of opportunity. They tell in short, concise form the needs of business, individuals and households. Tho most successful Want Ads are the ones where every word counts the Wsnt Ads thst carry a message of personal, vital importance. In getting work, securing work ers, selling or buying realty or mer chandise, restoring lost articles, gain ing advancement through profitable iaveatment, and in scores of other ways the Want 'Ads are brimful of heart interest for many readers each day.- New and Observer Want Ads will help you. , - SAYS INTEGRITY OF F Postmaster General Will Hays Grants Application of New York Magazine OTHER APPLICATIONS BEFORE THE DEPARTMENT The Liberator Edited by Max Eastman, Also Editor of The Masses, Which Was Denied Mailing Privileges in 1917; Hays Outlines Policy of Post office Department Washiagton, May . 25. Laws safe guarding the integrity of the freedom of the press ''must and shsll be also scrupulously obeyed," Postmaster Gen eral Hays declared today, la announc ing the granting of an application of the Liberator, a monthly magazine ef New York City, for seTond elsss mail ing privileges. The application has been pending since February, 1918, the date of its founding, and ths Postmaster General said the records of tho department showed every issue since then, ' aa of fered monthly for mailing, had been accepted t the third-class rate of posti sge. ' The liberator will be refunded $11,277, the difference which it paid over the aecond-elasa rate. The publication is edited by Max Eastman, who waa also editor of The Masses, which was denied the mailing privileges in 1917. Other Applications The Postmaater General announced, also, that Tho Call, of New Torn, and Vietor Berger'a paper. The Leader, had filed applications for re-entry under the second-class mailing privileges, and if they were found to eomply with the lsw, the spplications would bo arrsnted. Ths Call's previous action brought against the department for denial of. certaia mailing privileges is pending before the courts. 'The Postoffice Department holds no brief for the Liberator or any other publication, Mr. Hays declared. 'If there is on foot a conspiracy to destroy our established government by fores snd violence, claimed by the depart ment heretofore ss a reason for not granting this permit, and if this publi cation is involved in it, then the De partment of Ju sties will deal promptly and effectively with tho conspirators in ue manner proscribed by law OaUiaea Aataorttr Ths Postmaster Genoral said It was saay to decide 'What ir an what xr not "information of a public character,'' as required by the classification act, but that the Postmaster General has ne power to decide what is information of a public '"benefit," and wneh power was never intended to be lodged in him. ut shall not bo assumed, ho added. The mail exclusion statutes. Mr. Haya said, "will be vurorouslv enforced by the Postoffice Department, but in so doing we will enary out the purpose of suca non-mauaoility taw. Thai purpose is to bsr the prohibited matter from entering the mails and not simDlv ex clude it from the particular class of mail wnicn carries a lower rate of post sge and then admit it to that class which requires a higher rate, for the same laws govern the mailability of mniTr oi aaen class. "There shall be no hesitancy Inr sup pressing any publicationa that fall with. in tho prohibitions of the publie law, but there are also laws in this country ueguaraing cne integrity of the free dom of ths press, snd these lews must snd shsll be also scrupulously ob served. HIGH POINT YOUTH STABBED BY PLAYMATE r in Hospital With Fighting Chance for Recovery; Severe Hail Storm High Point. May 25. Stabbed in fh. chest with a kaife alleged to have been used by Psul Fulton, age 15, of this city, late last might as the result of an argument, tan Hodgin, 16 year-old aon or toward riodgin, was fighting for re covery tonight at a local hospital where he wss hurried immediately ( k. affair. Hodgin was stabbed just above me nean, ins made entering the left rang. . rnysicians ssy the lad mi?ht cover, ir pneumonia doea not develop. fetalis of tho euttinr. are lackinr. hut according to information gathered by the police, who srrested Fulton, the uuj-a were piaying when an srgument arose, resulting in Fulton opening a pocket knife and atrikintr .Hoda-in . Vnl. ton will be turned over to the juvenilj uinurxuee. High Point waa visited tv ...... rain and wind etorm late this after-J00- Hailstones as large as marbles fell for several minutaa. whiU tr and telephone poles were torn swsy by ths terrific wind. Crops in this section were bsdly damaged, according to re ports received hers lste in ths dsy. MAJOR JUNGMAN WANTS THOROUGH INVESTIGATION Asheville. May 25. A thorough invea. tigation of the Public Health Service uy Congressional and Senatorial com mittees will be ssked of members of Congress by Major John D. Jungman, former commandant ef United HtatM Publie Health Service hospital, at Otcen, following receipt of news that command ef the Oteen institution was to be per manently vested ia Major James A. Miller. Major Jungman stated that he will write members of the House snd Senate asking them to investigate to determine whether the service is being sdminis tsred properly and in his personal ease to determine whether hia administra tion at Oteen has been efficient and whether he should be removed from command. Charges thst favoritism has marked the eonduct of the Publie Health Service, are' made by Major Jungman, who say a. if gives as opportunity, he can prove the truth of these assertions. FREEDOM 0 PRESS MUST BE OBSERVED BANKERS OF STATE DECLARE BUSINESS CONDITIONS BETTER KENTUCKY SENATOR ' SPEAKS TO BANKERS 4 r Senator A: O. Stanley, of Kentucky, who delivered the principal address yesterday before the convention of the North Carolina Bankers' Association at Greensboro, speaking to a large audi ence.ia the Guilford county courthouse Senator Stanley and W. H. Booth, of N. Y., Speak; Name Officers Today Greensboro, May 25. Two addresses, one delivered' by Senator A. O. Stan ley, of Kentucky, and the other by W, H. Booth, vice-president of the Gusr- anty Trust 'Company, ef New York, featured today's sessions of the conven tion of the North Carolina Bankers' Association here.' Discussion of the new state banking law, a doaen short talks and a meeting of the North Caro lina' division of the, American Banker' Ajsoeiatioa were also features. Senator Stanley -ended the day with a speech ia the county eonrthouse. Mr. Booth talked oa foreign trade financ ing and its. relation to. domestic bust aens this morning, Clarence Latham, North Carolina bank examiner, explain ed the banking law, one of the beat pieces of legislation he aver saw, he mid. Judge George Pell, of the State Corporation Commission, Dr. B. W. Kiigore, of the State Department of Agriculture, J. Elwood Cox, High Point; G. E. Bowerman, General secre tary of the National Bunkers' Associ ation; J, B. 'Bamsey, of Kocky Mount and Col. W. A. Blair, of Winston Salem also made abort talks.- - The convention provided for the election of officers on the floor to morrow morning. Stanley's Address. Senator Stsnley msde a powerful speech. He did not propose some pana cea to be worked out by Congress. "It is not within ths province of govern ment to mske men rich," he said. ''Ths quicker we get swsy from thst ides, the further from paternalism, from hot-housing snd ths closer wo got back to ths individualism of the Old South, which asked for freedomj the better it will be for us. Congress can do much for the American people, but it esn do it best by restraining from interfer ing with people, from meddling, from trying to mske men rich." If used for sny other purposs than the economical administration of gov ernment, the use of the publie funds is public plunder, the . Kcntuckian ssid. The only way ths government can en rich one man is to take sway from another, be continued. There is too much regulation now- in government, too many socialistic idem. "I hope for a return to prosperity, I believe it is coming, if the Federal gov ernment will let it come, not by en acting legislation, but by preventing foolish legislations,'' Senator Stanley said. Ho paid a tribute to the South, the men and women of the South, Talk of "The New South" disgusted him, he said. ''It is not new. True, it had to be rebuilt, but it was done I y men who were true to the traditions of the fathers, true to the traditions of the Saxons who lived in a cava and cov ered themselves with snimal skin. ''Not corrupted by wealth, nor enervated by ease, holding to the ssme high staud srds, the same stern virtues, the pos (lessors of ths same strong moral fibre. The son of a brigadier general, Senator Stanlev donned i nthe South. He scorned those who would be like the people of the North snd West. "Be like yourself." he said, "like your fathers; stay true to the tradition of the past." National Officers. At the mretintt'o'f '"ths members of the American Bunkers' Association this afternoon. B. G. Vaughnn, of Greens boro. was eleeted vice-president for North Carolina, succeeding W. B. Drako Jr., of Baleigh, whose term expired. Other officers elected by ths American Bankers Association were: Members of executive council, J. B. Rmnscy, of Boeky Mount, to succeed L. 8. Coving ton, Bockingham and J. Elwood Cox, High Point, io succeed James A. Gray, of Winston-Salem: vice-president for trust company section, Col. F. H. Fries, Winston Salem; vice-president savings bsnk section, H. G. Kramer, Elisabeth City; vice-president national bank sec tion, C. P. McNcCly,- Moorcsville; viee prosident state bank section, W. J. By erly, Mount Airy; nominating commit teeman, W. C. Wilkinson, Charlotte; (Coatlaaed ea Page Two.) SPEECHES FEATURE BANKERS' MEETING General Opinion Among Finan ciers of State Is Tnat Pendu lum is Swinging Into Normal Position . . ; PINNING THEIR HOPES ON CROP PRODUCED AT LOW COST TO FARMERS Distinct feeling of Optimism Pervades Banks of North ' Carolina Bankers Aasocia tion. Which is Holding Its Annual Meeting at Greens boro; Opinion Prevails That -Bottom Has Been Beached and That B e b o n n d Has Started; Co-operative Mar keting Plan Introduced. for First Time; Expressions of Views Prom Individual Bank ers Hopeful n j By JOHN A. LIVINGSTONS (Staff Correspondent) Greensboro, May 25 North' Carolina has hit bottom finan cially arid is now heading to wards improved conditions. Ths pendulum at last has be gun to - swing into a normal position. It is still in the pro cess of readjustment, but with the coming of another crop, firoduced at a minimum of cost o the farmer, the people of the Old North State will be out of the woods. . This fairly summarises the views of soms four hundred North Caroliaa bankers gathered hero for their annual eoaventioa. The largo attendance do notes the keen interest that tho financier feels la getting correct barometer en business and industrial conditions. Tho Tar Heel financier has become si student of government and of busiaeet conditions. He realises that he is living in a new ago and that ke must catch step. Feeling of Optimism. "There is a distinct feeling of optim um, which 4s not attributable to any ens in particular, but that is no doubt due to tho belief that wo have passed: the worst," said 3. Elweed Can, presi' dent of tho Commercial National Bank,' of High Point, and one of tho state's biggest business men, toalght. There is ameh readjusting to be. dose,) Mr. Cos believes, before the depression ban passed and he mentions high rent and high labor costs as among tho items to be considered. "I think the people are becoming mors acclimated to the business aitua tion sad thst conditions are ehowing improvement," declares W. A. Hunt, president of the North Carolina Bank era. Association, and cashier ef tho Citiiens' National Bank ia Henderson. "Ours is a resourceful State and wo will come through." "I have noticed a distinct improve ment in financial conditions within tho. , last thirty days and I look for further ' improvement in the next thirty days," says A. O. Myers, president of the Cltl- sens Nationai Rank, Gnstftuis. . . Bottom Has Been Beached. "Ths bottom has been reached and there ia already an improvement," states Frank Boy lea, cashier of - tho American Exchange Nstional Bank, Greensboro. 'People must continue to be conservative and sans, but there is no reason for fear that we will not pull through with flying colors." ''Business conditions in Western North Carolina, have never been aa ds pressed aa in the eaat, and we have been on solid ground all along," says T. fl. Shipmsn, vice-president of the Brevard Banking Company. "There is a feeling of optimism ia ' the sir and I think the proa pacts for 1 l.ii . i n ... ... nnuk K.t ... Am. . elares J. W. Simpson, vice-president of Athintie Bank and Trust Company, Greensboro. "Conditions sre improving and there is a better feling," ssys Col. James B. Voung, former Insurance Commissioner and now vice-president of the Mer chants National Bank ,Rjigh. Toese exprcsions gatnered tonigm are representative of the feeling thst while the period of re adjustment is still on, there is no reason for alarm some bankers put the blame at one place snd some in snother. Not many :ire Killing to agree with W. H. fiooth, New York banker, in his statement that high rents block the way, bus think that this applies to industrial centers more espeeiwlly and not to aa agricul tural state like North Carolina. Co-operative Marketing The state bankers' association had a new born baby placed on its doorsteps today by Dr. B. W. Kiigore, director ef the Btirte Agrjculutral Extension Service,- who discussed co-operative market ling associations. He was aided and abetted in his eforts by Dr. J. Y. Joyncf, 'of LaOrange, and L. 8. Tom linson, of Wilson, president of ths Ht.ite Cotton Growers' Association, both of whom are here. "It is at shame that Industry and aociety have to be lifted up and carried on the backs of the women and chil dren of 'our state,'' Dr. Kiigore told the bankers. He took his text from the New York banker, who explained that with a cheaper erop this year conditions would improve. Judgs George Pell, of the Corporaltoa ' Commission, had explained that cheap ir crops would be due to fhelsbor of wom en and little children in the place of men. In whatever manner tho cheaper crops are produced, the tankers are pinning their hopes for better time ea this. , Many of the bsnkera premised to aid in ths formation ef marketing aasoeia. ' (Continaed on Page Ten). ' . j

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